Careful you don't grab one of the sharp straws.

I'll borrow vince's he won't be needing them anymore.

So FC's net value is much more than Rovers, then. Glad we've cleared that up



You're really struggling with the concepts of P&L and Balance sheet, aren't you? If FC had recorded the invoices for sponsorship before the end of October, the double entry in the accounts would be Debit Debtors (Balance sheet - Debtors), Credit Deferred Income (Balance sheet- creditors due within one year). Some companies do this to inflate asset value, but it also inflates creditors and is known as window dressing as it makes no difference to the net asset position. So really using your methodology, I'm understating Hull's net worth by £534k and Rovers by £219k, increasing the differential by £300k in Hull's favour. The other thing is you don't know what's in that debtors number. If we pay rent quarterly in advance to the SMC in September for example, two thirds of that payment would be classed as a prepayment and shown within debtors.

I'm going to drop a line to Sadofsky's anyway to clarify their principles on income recognition as your comments suggest there is a material misstatement in Hull's accounts that their shareholders should be aware of.

Which is quite a serious accusation to make on a public forum. Here's hoping Vince doesn't get RLFans into any bother...

So they didn't "tap" him up whilst still under contract

nice of you to confirm that. Cheers.

Anyone know how your "Favorites" tabs can be changed when you ain't looking? I clicked on RLfans to discuss rugby league but its turned into "Sad Accountants.com"

Death to Bean Counters!

You'd think I'd be offended, but we proper accountants recognise and embrace our nerdiness. Self-awareness is a great thing.

thank god rugby is played with an oval ball and not a pen, paper and a calculator,
the seasons started with a bang and still its finances on some peoples minds.
Rovers cant be that skint surely, i havent read anything about Justin Morgan having to run marathons to raise funds yet,

good old Royce....

Intelligent women who like high heels and make a wicked cup of coffee really turn me on.

So if you work on the first part there may be a chance for us

You do that, I couldn't care less. Like I said before, an abbbreviated balance sheet does not give a true story. If Hull SL are owed so much money at the end of 2007 (Oct) it can only be for the next season and is therefore not relevant to that years figures.I assume they issue invoices for snsorship etc for the next season but date them in the current financial year, it is not the way I was taught to run a company. If the Directors insist to their accountants that they wish it be included then so be it. I said at the beginning, I look at a balance sheet not throught the eyes of an accountant. I will go further and say that a companies true worth cannot be declared unless it goes into liquidation. That is why I say that if the debtors included in the 2007 y/e refers to the next year I am nearer the true valuation than what is shown. I have NEVER said anywhere that Rovers are in a better position than anyone else. As to Kosh joining in, its strange is it not that he choses to do so when he does not afford me the opportunity of doing the same thing on your boards. In fact, he went even further and banned some poor sucker because he suspected it was me. I'd like to see what part of the AUP covers such an action. Mind you, he is a scientist so his mind is probably way ahead of mere mortals!

Just for interest, who do you think will owe the company over £500k to the year ending 2007?

I might add that I am more upset about Jimmy Bullards injury than the finances of both clubs put together!